For second year Lincoln Community High School earns perfect score in ISBE financial stability test

 

[April 14, 2018]  LINCOLN - The Illinois State Board of Education (ISBE) approved the Annual Financial Profiles (AFP) for school districts statewide. ISBE created the 2018 AFP by analyzing school districts’ fiscal year 2017 Annual Financial Reports.

The profiles provide school districts and their stakeholders with information on school districts’ financial integrity. School districts receive a score from 1.00 (lowest financial strength) to 4.00 (highest financial strength) and a corresponding designation (4.00 – 3.54: Financial Recognition; 3.53 – 3.08 Financial Review; 3.07 – 2.62 Financial Warning; and 2.61 – 1.00 Financial Watch).

ISBE developed the AFP in 2003 in consultation with experts in finance and lending, credit agencies, and school district business officials in order to promote sound financial management.

The profiles examine five key indicators of financial integrity: fund balance to revenue ratio, expenditure to revenue ratio, days cash on hand, percentage of short-term borrowing ability remaining, and percentage of long-term borrowing ability remaining.

Lincoln Community High School was given Financial Recognition status with a perfect 4.00 Total Profile Score. This is the second year in a row the district has achieved this status.

[Superintendent Robert Bagby, Lincoln Community High School District #404]